Bct Management INC EIN 35-2146138 Form 990 (PDF) Claim this org

Bct Management INC FY2020 filing

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Presents performances and events for the community's enjoyment and enrichment. For fiscal year 2020 it reported $555K in revenue, $656K in expenses, and $111K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Bloomington, IN
Website
www.buskirkchumley.org
Filings
5 on file (2020–2020)
Revenue
$555KFY2020
Expenses
$656K
Net assets
$111K
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  35-2146138 Public charity (501(c)(3)) Bloomington, IN
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Presents performances and events for the community's enjoyment and enrichment.
Leadership
Jonah Crismore · Executive Director · $54K
Money in and out
$555K revenue, $656K expenses
Bottom line
68% program efficiency
Where the money goes · FY2020
Total revenue
$555K
Pt VIII · Ln 12
Total expenses
$656K
Pt IX · Ln 25
Net assets
$111K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$100K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.23 Fundraising $0.09
Program efficiency
68%
of spending reaches programs
Operating runway
5.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$555K
FY2020
Expenses
$656K
FY2020
Total assets
$298K
FY2020
Total liabilities
$187K
FY2020
Total revenue
$555K
Pt VIII · Ln 12
Total expenses
$656K
Pt IX · Ln 25
Net assets
$111K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$100K
Total assetsPt X · Ln 16$298K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $446K of program spending, described in the organization's own filed words · FY2020.
01

In accordance with a contract with the city of bloomington, the organization is to develop, manage, fund and promote the buskirk-chumley theatre in bloomington INDIANA.DAYS of usage 56 including 48 public events, 5 REHEARSAL/TECH usages and 3 private EVENTS.TOTAL attendance at events was 9,675THE number of artists served was 494

$446Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBct Management INC
EINHdr · item D35-2146138
Principal addressHdr · item CBloomington, IN
WebsiteHdr · item Jwww.buskirkchumley.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A61)
Ruling yearIRS BMFFeb 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$53,615Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Steve Versaw’s $83K as Executive Director is at the 20th percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Steve Versaw$82,800$28,662
Jonah Crismore$74,168$68,000$53,615
Brad Schiesser$38,942$13,285
Sara Laughlin$5,769

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$312K · 56%
Program service revenue$202K · 36%
Other revenue$40K · 7%
Contributions & grants56%$312K
Program service revenue36%$202K
Other revenue7%$40K
Investment income$177
— government grantsLn 1e$55K
Total revenueLn 12$555K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.23 Fundraising $0.09
Program services68%$446K
Management & general23%$148K
Fundraising9%$62K
Total functional expensesLn 25$656K

Balance Sheet

Part X · end of year
CashLn 1$280K
Total assetsLn 16$298K
Total liabilitiesLn 26$187K
Total net assetsLn 32$111K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $280K · Operating expenses (Pt IX) $656K · Less non-cash grants $4K · Cash operating expenses/yr $652K
5.1 months
Where the money goes
Program services
Program services $446K · Total expenses $656K
68%
Management & General
Management & general $148K · Total expenses $656K
23%
Fundraising
Fundraising $62K · Total expenses $656K
9%
Cost to raise $1
Fundraising expense $62K · Solicited contributions $257K
$0.24 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $312K · Total revenue $555K
56%
Government reliance
Government grants $55K · Total revenue $555K
10%
Earned-income share
Program service revenue $202K · Total revenue $555K
36%
Investment reliance
Investment income $177 · Total revenue $555K
+0.03%
Program self-sufficiency
Program service revenue $202K · Total expenses $656K
31%
Growth & trend
Revenue growth (YoY)
This year $555K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $111K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $555K · Expenses $656K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $298K
Net-asset ratio
Net assets $111K · Total assets $298K
37%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $298K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jonah Crismore · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $54K · Total expenses $656K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $437K · Total expenses $656K
67%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 23%
Fundraising cost ratio 20%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$7K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2023$991K revenue · ⤓ 990 PDF
FY2022$1.2M revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$555K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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